PAYE

• Author:
• Pinsent Masons Employment Group

PAYE stands for "Pay As You Earn" and is a mechanism by which employers withhold a part of their employees’ pay on a regular basis on account of the liability of their employees to income tax. PAYE codeAll employees are given a PAYE code. This Code is set by the Inland Revenue following an assessment of the likely allowances against tax which will be attributed to each employee. It is the employer’s duty to make deductions from each payment made to the employee, by reference to... (318 more words)

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